published Feb 2, 2017 8:20:51 AM, by Matt Levine (Bloomberg View) — Index funds and activists. The basic thesis of the index-funds-should-be-illegal crowd is that when most companies are mostly owned by the same overlapping group of owners — big mutual fund complexes, particularly passive index funds — then those companies

On August 11th, California Gov. Jerry Brown signed into law a bill barring grand juries from deciding on charges in cases involving police use of lethal force.  The thinking behind the bill was that grad juries are often “shrouded in scerecy” and enable prosecutors to escape accountability to the public.